Spring is in the Real Estate air, and things are starting to heat up. Looking at just the Edmonton market and not all the surrounding communities we are seeing an upward swing. Days on the market has decreased in most sectors meaning houses are selling more quickly than previous months, Single family is at 51 days, Condos are at 66 days and Duplex/Row House is 61 days.
Inventory is up from April 2018 for single family homes but so are number of sales. Inventory for Condos are down but sales are consistent with 2018, and for duplexes inventory is down but sales are increased over last year.
Average prices still have not been gained back when looking at averages from 2018 but we saw an increase from March 2019. Average prices are up month…
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